Indian guar seed futures fell on Tuesday on approaching supplies - TopicsExpress

Indian guar seed futures fell on Tuesday on approaching supplies from the new season harvest amid weak demand and large carry-forward stocks. * Arrivals from the new season harvest start from October and peak gradually in the following weeks. * At 0919 GMT, the November contract was down 3.30 percent at 5,280 rupees per 100 kg on the National Commodity and Derivatives Exchange. * "Arrivals from the new season crop have started in very small quantities at some places but will gain pace this month," said Nalini Rao, an analyst at India Infoline. * Rao said increasing arrivals would weigh on prices and the November contract could fall to 5,140 rupees in the next 2-3 days. * Guar output is expected to be higher because of an expanded area under cultivation and ample rains. * Spot guar fell 162 rupees to 6,071 rupees per 100 kg at Jodhpur in Rajasthan.

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